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Bybit VIP

Curious about the attractively low fees offered by the Bybit VIP Trading program? Read on as we explain the trading fees involved.

Anyone who trades crypto actively understands that expensive trading fees can ruin the spoils of an otherwise successful trade. Fortunately, with Bybit’s all-new revised fee structure, you can easily get more out of each trading session. Curious about the discounted fees of the Bybit VIP Program? Read on as we reveal an in-depth look at the all-new fees and how you can stand to gain by qualifying for our VIP Trading Program.

Bybit Fees vs. VIP Trading Fees: The Differences

Before diving into the fee differences when taking into account VIP Trading Program membership, it’s important to first understand the maker-taker fee model. Maker-taker fees are trading fees that users are charged based on their maker or take role in the trade. Makers provide liquidity to the exchange whereas takers remove liquidity from said exchange. That’s why taker fees tend to be high on some exchanges.

Bybit’s cost-effective fee structure can be broken down into spot trading fees and futures and derivatives trading fees.

Bybit VIP Futures and Derivatives Trading Fees

Futures and derivatives trading refers to the buying and selling of agreement contracts for the future price of cryptocurrencies. 

 contracts that use USDT and USDC as collateral and have no expiration date, 

For more on futures and derivatives trading fees that VIP Trading Program members get to enjoy, refer to the breakdown below:

Did you know that being a Bybit VIP Program member also entitles you to high withdrawal limits? With an individual level 2 KYC verification, you’re able to withdraw up to 2M USDT daily and have no capped withdrawal amount on monthly withdrawal, so it makes moving funds in and out of Bybit a cinch.

Once you qualify for the Bybit VIP Program by meeting the minimum asset balance or monthly trading volume criteria, you’ll be able to enjoy the VIP perks once your VIP level is updated. This platform-wide update will be held every day at 7 AM UTC and your new trading fee rates will be reflected within five minutes of this update.

Bybit VIP Trading Fees Explained

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